Key Market Indicators
In 2018, Portugal's iron ore imports surged to approximately $259,000, a significant increase from the $157,000 recorded in 2017. This represents a 64% rise year over year. The demand for iron ore in Portugal has consistently grown at an average annual rate of 0.7% since 1993. Conversely, Portugal's iron ore exports plummeted to $22 in 2016, down from $33 in 2015, marking a 33% decrease compared to the previous year. Over the long term, the nation's supply of iron ore has seen a dramatic decline, dropping by nearly 92% annually since 1993.